Vale Denies News Reports It’s in Talks for Acquisition Funding

June 19, 2008

June 20th (Bloomberg) – Cia. Vale do Rio Doce, the world’s largest iron-ore exporter, denied news reports that it is in talks with banks to fund a possible acquisition.

The Rio de Janeiro-based company said in an e-mailed statement today that it is not currently in negotiations to acquire a company.

O Estado de S. Paulo newspaper reported today that Vale had sent teams to assess Anglo American Plc units in preparation for a possible bid. The newspaper said Vale is also negotiating a financing package with 10 banks.